Aspen Power Raises $200 Million from Deutsche Bank

Aspen Power's successful raise of $200 million from Deutsche Bank represents a significant infusion of capital into the U.S. distributed solar and storage market. This financing will enable Aspen Power to accelerate its development pipeline, enhance vendor relationships, and expedite project deployment across the United States. The involvement of Deutsche Bank, a global financial institution committed to the low-carbon transition, underscores the growing investor confidence in distributed renewable energy solutions. Aspen Power, backed by investors such as Carlyle, J.P. Morgan, Lombard Odier and MUFG, has already financed over $2.5 billion in renewable energy projects, positioning them as a key player in the sector. The deal highlights the increasing demand for distributed generation assets and the willingness of major financial institutions to support their development. This transaction will bolster Aspen Power's financial capacity and support growth initiatives across development, vendor engagement, and project deployment. The financing is structured as equity, providing Aspen Power with the flexibility to pursue various growth strategies and capitalize on emerging opportunities in the distributed solar and storage market.